European wheat reached a 5 month high as exports continue to erode stocks.

French wheat ratings down 2% to 85% good compared 89% this time last year; further downgrades expected. Barley down 10% to 78% compared last year 83%. Wet weather will potentially increase threat of disease and quality issues; further showers for France forecast. Poor quality wheat in France could compete with UK export markets.

Excessive rain is also a problem for Russia which is causing problems for corn planting; some areas of the Black sea region experienced 4x average May rainfall.